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A buddy of mine does the floor plan designs for towers. The way he explained it to me was that developers have a certain price per sq.ft that they have to hit to make a build feasible and profitable enough. The larger the sq.ft on your standard 1-bed to 2-bed units would make the prices too high for the average buyer depending on the location. Break it down to smaller units and there you go.
The current coal harbour tower project he's been working on needs to hit $1400/sqft and its just got the green light from the last time I spoke with him
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